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FHI-B

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1d
1w
1m

Analysis and statistics

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About

FHI-B.TO is the ticker symbol for the Horizons High Interest Savings ETF - CAD Hedged (HISA) B Units, trading on the Toronto Stock Exchange (TSX). This ETF aims to provide investors with a high interest savings account-like return while offering daily liquidity. It invests primarily in high-interest deposit accounts with Canadian banks and may also hold other short-term debt instruments. The CAD Hedged feature implies the fund uses hedging strategies to mitigate the impact of fluctuations in the Canadian dollar relative to other currencies in which its underlying assets may be denominated.
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Factors

Underlying Bond Performance: FHI-B.TO's price reflects the performance of the underlying high-yield bonds it holds.

Interest Rate Changes: Rising interest rates generally decrease bond values, lowering FHI-B.TO's price.

Credit Risk Perception: Increased perceived risk of default on the underlying bonds decreases FHI-B.TO's value.

Supply and Demand: Higher demand for FHI-B.TO pushes its price up; increased supply lowers it.

Market Sentiment: General investor optimism or pessimism towards high-yield bonds influences FHI-B.TO's price.

Liquidity: Lower liquidity can increase price volatility of FHI-B.TO.

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